Thursday 01 December 2022

US-based outpatient physical therapy clinics operator US Physical Therapy, Inc (NYSE: USPH) has acquired a thirteen-clinic physical therapy practice, the company said.

USPH acquired 80% of the equity interests of the physical therapy practice with the practice's owners retaining 20%. The purchase price for the 80% equity interest was approximately USD 25m. The business currently generates more than USD 12m in annualized revenue and approximately 120,000 annualized patient visits.